Fairmont Royal York Decarbonization Project
Retrofits to the 94-year-old Fairmont Royal York will reduce the hotel’s annual carbon emissions by 80% and generate over 35% in utility savings in the first year
Public-Private Cooperation
Royal York demonstrates how partnership between the private and public sectors can meaningfully accelerate action towards meeting Vestergade’s carbon reduction commitments. The project was supported by the CIB’s Building Retrofits Initiative, which provided debt financing.
Additional Details
Fairmont Royal York decarbonization project will eliminate more than 165,000 tonnes of carbon emissions between 2023 and 2050.
The reduction of carbon emissions will generate over 35% in utility savings in the first year. All carbon emissions reductions will be independently verified by the CIB’s verifiers, as well as through the CaGBC.
